{"id":1061,"date":"2018-05-31T10:16:07","date_gmt":"2018-05-31T10:16:07","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-blue-star-ltd-2018-162-dtr-302-301-ctr-38-bom-hc\/"},"modified":"2018-05-31T10:16:07","modified_gmt":"2018-05-31T10:16:07","slug":"cit-v-blue-star-ltd-2018-162-dtr-302-301-ctr-38-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-blue-star-ltd-2018-162-dtr-302-301-ctr-38-bom-hc\/","title":{"rendered":"CIT v. Blue Star Ltd. (2018) 162 DTR 302  \/ 301 CTR 38 (Bom) (HC)"},"content":{"rendered":"<p><em>Dismissing the appeal of the revenue the Court held that ; even before recording reasons \u00a0on 31 st March 2010, under his signature, a notice u\/s. 148 was already issued on 30<sup>th<\/sup>\u00a0March, 2010, therefore Tribunal was right in holding that even if case made out in affidavit belatedly filed by AO was correct, it would not advance case of revenue. \u00a0Court observed that <strong>\u00a0\u00a0<\/strong><\/em>the process of recording reasons as per mandate of Sub-Section (2) of S. 148 was completed when AO signed reasons on 31<sup>st<\/sup>\u00a0March, 2010, thus, even before recording reasons under his signature, a notice u\/s. 148 was already issued on 30<sup>th<\/sup>\u00a0March, 2010, therefore \u00a0reassessment was held to be bad in law .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment \u2013 Recorded reason was 31 st March 2010 where as  notice u\/s 148 was issued on 30 th March 2010 -Recording of reasons before issue of notice is mandatory hence  Reassessment was held to be bad in law [ S.148 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1061","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-h7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1061"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1061\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}